NEW DELHI: Electronics and IT products maker LG Electronics India on Tuesday announced a hike of up to 6 per cent in prices of its products owing to rupee depreciation.
"Due to continuous rupee depreciation, it has become imperative for us to consider the price hike in India," Sanjoy Bhattacharya, Product Group Head, IT, LG Electronics India (LGEIL) said.
The impact of the price hike would be seen on all IT products by 6 per cent.
It also increased prices of some consumer durables by 3 per cent.
"The price hike is applicable on front loading washing machines, microwave owens and flat cathode ray tube appliances," Y V Verma COO, LGEIL said.
There is has been no increase in prices of flat panel television sets, mobile phone and air-conditioners.
LGEIL's has manufacturing unit at Greater Noida and Pune but imports majority of components used in IT products especially the panel of monitors from other countries like Korea and China.
AKANKSHA ARORA
PGDM -3 sem
"Due to continuous rupee depreciation, it has become imperative for us to consider the price hike in India," Sanjoy Bhattacharya, Product Group Head, IT, LG Electronics India (LGEIL) said.
The impact of the price hike would be seen on all IT products by 6 per cent.
It also increased prices of some consumer durables by 3 per cent.
"The price hike is applicable on front loading washing machines, microwave owens and flat cathode ray tube appliances," Y V Verma COO, LGEIL said.
There is has been no increase in prices of flat panel television sets, mobile phone and air-conditioners.
LGEIL's has manufacturing unit at Greater Noida and Pune but imports majority of components used in IT products especially the panel of monitors from other countries like Korea and China.
AKANKSHA ARORA
PGDM -3 sem
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